During January 2005, an Italian investor investing in the Italian stock market earned a return of 1.47%. During the same month, an American investor investing in the Italian stock market earned a return of -2.358%. The U.S. dollar-Euro exchange rate at the end of January 2005 was 1.3035 $/€. What was the U.S. dollar-Euro exchange rate ($/€) at the end of December 2004?